30 August 2024 | 13 replies
The scope of your property managers responsibilities will vary, and it is crucial to read your property management agreement whenever a dispute arises to familiarize yourself with your rights.
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30 August 2024 | 1 reply
Complex Contracts: It’s crucial to have clear agreements in place to avoid misunderstandings.Watch out for vague contracts, high option fees that seem unjustified, and properties that aren’t well-maintained during the rental period.
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3 September 2024 | 20 replies
This is especially true for private money loans, where lenders may want a clear picture of your assets, liabilities, and cash flow.Your credit report and tax returns are crucial, but a well-organized financial statement can strengthen your loan application, showing lenders that you have a clear handle on your financial situation.
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30 August 2024 | 1 reply
Understanding their exit strategy—how they plan to pay back the loan—is crucial for minimizing risk.Don’t overlook the property itself.
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28 August 2024 | 9 replies
But I'd just spot-treat with Orange Oil and sister up the beam with lag screws...
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29 August 2024 | 3 replies
It’s a bit complex, so working with a 1031 exchange expert and a tax advisor is crucial to make sure everything is done correctly.
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30 August 2024 | 8 replies
However, it's crucial to verify with the specific lender, as policies can vary.Regarding recording a lien, if the lien is recorded, it formalizes the debt and provides legal protection for the lender, which might be required by your private lender.
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29 August 2024 | 3 replies
The IRS typically requires the same entity that performed the 1031 exchange to continue owning the property to maintain tax deferral.To avoid any unintended tax consequences, it’s crucial to consult with a 1031 exchange expert or tax advisor before dissolving the LLC or making any distributions.
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23 August 2024 | 8 replies
@Jacob Henry Wirth yes you can do it in Orange County.
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4 September 2024 | 84 replies
As others have said, delegation is crucial to growth.